Funding you earn now, next payment 01:00 UTC−0.0151%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h −0.024%
Price spread now: Bulk against Reya+0.044%7-day average +0.046% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.004%$0 on $10k
+Price spread, last 3 days (all we have)−0.217%−$22 · spread now +0.044%, 7d avg +0.046%
=Together, before fees−0.213%+ Points / potential airdropReya: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 94.079 | 0.0251 | pay 0.0031% / 1h | 31m 15s | $79K | $146K | 15x |
| Short | Bulk HYPE-USD | 94.120 | 0.0100 | get 0.0013% / 1h | 31m 15s | $205K | $4K | 10x |
Reya HYPERUSDPERP
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.73
- Price spread: +0.044% → +0.046%
- −$0.24
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$44.97
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bulk: live order book, 43 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Reya no order-book sample | — | — | — | — | — |
| Sell Bulk live order book, 43 min ago | 0.53 bp | 6.0 bp −$6 | 7.6 bp −$76 | 13.2 bp −$1,324 | 37.8 bp −$18.9K |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HYPE on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1448% | 1h | 93.991 | −0.093% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.997 | −0.087% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0241% | 1h | 94.169 | +0.096% | $22K | $23K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0161% | 1h | 94.030 | −0.052% | $706K | $948K | 10x | as long as short |
| dYdX HYPE-USD | −0.0159% | 1h | 94.048 | −0.032% | $129K | $31K | 5x | as long as short |
| Phemex HYPEUSDT | −0.0131% | 8h | 94.114 | +0.038% | $12.8M | $2.6M | 50x | as long as short |
| Bullet HYPE-USD | −0.0097% | 1h | 94.060 | −0.020% | $112K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 94.108 | +0.031% | $86K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.090 | +0.012% | $3K | $331 | 25x | as long as short |
| Bybit HYPEUSDT | −0.0030% | 8h | 94.050 | −0.030% | $323.0M | $280.7M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Phemex HYPEUSDT
Bullet HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0016% | 4h | 94.040 | −0.041% | $159K | $648K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.097 | +0.020% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.099 | +0.022% | $27K | — | 150x | as long as short |
| Gate HYPE_USDT | +0.0004% | 4h | 94.070 | −0.009% | $44.5M | $59.7M | 75x | as long as short |
| Aster HYPEUSDT | +0.0018% | 4h | 94.070 | −0.009% | $8.9M | $36.1M | 300x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.342 | +0.280% | $219K | $1.2M | 10x | as long as short |
| Binance HYPEUSDT | +0.0048% | 4h | 94.074 | −0.005% | $383.7M | $893.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0050% | 4h | 94.060 | −0.020% | $89.5M | $82.5M | 100x | as long as short |
| Derive HYPE-PERP | +0.0056% | 1h | 94.025 | −0.057% | $16.4M | $7.3M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0061% | 4h | 94.240 | +0.171% | $5.1M | $29.9M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0080% | 8h | 94.061 | −0.019% | $116.0M | $318.4M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.107 | +0.030% | $19.0M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.093 | +0.015% | $3.0M | $12.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.098 | +0.021% | $66K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 94.065 | −0.014% | $400K | $188K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.137 | +0.063% | $342K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.120 | +0.044% | $26K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.102 | +0.024% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.193 | +0.122% | $2.05B | $677.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.118 | +0.042% | $10.2M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.102 | +0.025% | $46.6M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.079 | +0.001% | $228.2M | $100.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.077 | −0.002% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.088 | +0.010% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.030 | −0.051% | $31.5M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.271 | +0.205% | $7.6M | $45.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.209 | +0.139% | $341K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.018 | −0.064% | $680K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.126 | +0.051% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.111 | +0.035% | $480K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.058 | −0.022% | $76K | $171K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.176 | +0.104% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.061 | −0.019% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 94.120 | +0.044% | $205K | $4K | 10x | |
| Extended HYPE-USD | +0.0104% | 1h | 94.041 | −0.040% | $18.8M | $44.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.210 | +0.140% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0193% | 4h | 94.099 | +0.022% | $17.0M | $12.2M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 88.460 | −5.972% | $29K | $338K | 12x | as long as short |
| Kalshi KXHYPEPERP | +0.0219% | 8h | 94.162 | +0.089% | $1.9M | $5.1M | 2.3x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.145 | +0.071% | $2.8M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERPlong | +0.0251% | 1h | 94.079 | long leg | $79K | $146K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0152% | 1h | 94.105 | +0.028% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0409% | 1h | 94.155 | +0.081% | $7.5M | $4.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0428% | 4h | 94.230 | +0.161% | $1.5M | $6.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.172 | +0.099% | $21.0M | $29.7M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Gate HYPE_USDT
Aster HYPEUSDT
Phoenix HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
Derive HYPE-PERP
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Injective HYPE/USDC PERP
Kalshi KXHYPEPERP
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD